4 ms·
The association between quality-of-life metrics, like wages, and per capita GDP, doesn't disappear when an economy becomes developed. And China is a highly mar
by CryptoPunk 6y ago
The association between quality-of-life metrics, like wages, and per capita GDP, doesn't disappear when an economy becomes developed.
And China is a highly market-based country, which saw a massive decline in poverty after its pro-market reforms that ended many state subsidies and recognized private property rights, as the Atlantic article I provided above explains.